People have less money to spend, so they are spending less; and with less spending, the economy is having a difficult time getting back on track.
If employers hired more people and paid better wages then people could purchase more of their products and those businesses would be better off.
However, businesses don't have the money to hire new people and pay better wages because consumers are not buying their goods and services like they once did.
If you can figure this one out, I'll buy you a beer -- and, you get my vote for president...
But... Quoting a poster "Hermit" on a local forum:
"I think our economy's big problem is that it is built on the premise that people have to buy crap they don't need to keep the wheels of commerce in motion.
When people stop buying crap they don't need, the economy tanks. I'm not so sure it's a good idea for the government to pick up the crap-buying slack to get the wheels spinning again.
I never thought I'd see the day when the act of saving was considered bad for the economy."